• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Altech cleans house at struggling unit

Sep 29 2011 16:42
Johannesburg - Allied Technologies [JSE:ALT] has sacked some senior managers at its Kenyan data business, a day after the company blamed a drop in first-half profit on the unit’s poor performance.

“We replaced inefficient management at KDN (Kenya Data Networks), and the executive management team at Altech responsible for the East Africa region has been beefed up to get the East Africa business back on track,” Altech CEO Craig Venter told Reuters.
“Our operations in East Africa will be rectified. East Africa is still our growth engine.”

He did not give details of how many managers he had let go nor what positions they held. One user on the microblogging website Twitter said as many as 13 senior managers had been sacked.

Johannesburg-listed Altech, an investment holding company in the telecommunications, multi-media and information technology sectors in Africa and abroad, reported a 24% decline in first-half headline earnings per share on Wednesday, citing poor performance at its Kenya business.
craig venter  |  altech  |  east africa


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote